Problem:
Select one publicly traded corporation that has filed for bankruptcy between 2005 and 2010. Provide a thorough description of the corporation and the products or services it sells. In your professional opinion, what caused the selected corporation to seek bankruptcy protection? What could or should have been done differently by top management to avoid the corporate financial failure that was experienced by the publicly traded corporation that you selected?
The company I selected is General Motors. GM declared bankruptcy on June 1, 2009.